Use-case / TCO article. Single source path, audited model output, no marketing inflation.
For a 500 kWp rooftop + carport PV system at an EU golf resort, built on Trina Solar TSM-NEG19RC.20 bifacial modules with a Huawei SUN2000-330KTL-H1 string inverter, over a 25-year horizon at a 6.00 % discount rate, the audited model returns: NPV = €1,017,711; discounted payback = 4.93 years; simple payback = 4.17 years; LCOE = €0.0747/kWh. Evidence date: 2026-04-09. Limitation: the benefits stream is the on-site self-consumption tariff savings only; export revenue, residual asset value, tariff escalation and opex escalation are bounded model assumptions stated in §3 (not measured facts).
| Indicator | Value | Unit | Reading |
|---|---|---|---|
| NPV (25 y, 6.00 %) | 1,017,711.00 | EUR | Strongly positive |
| IRR | 0.2461 | — | Above 6 % hurdle |
| Simple payback | 4.1737 | year | Cash-positive from Y5 |
| Discounted payback | 4.9276 | year | Cash-positive from Y5 |
| LCOE | 0.0747 | EUR/kWh | ~66 % below €0.22/kWh tariff |
| PV of costs | 525,234.56 | EUR | Capex 425,000 + PV opex 100,234.56 |
| PV of benefits | 1,542,945.56 | EUR | Self-consumption savings, 25 y |
| Lifetime energy (undiscounted) | 13,212,894.65 | kWh | Degradation-adjusted |
A 500 kWp solar PV system powers an EU golf resort: clubhouse HVAC and lighting, an irrigation pump room, and an on-site EV charging hub. Generation runs predominantly during the daytime irrigation window (06:00–20:00 in summer), giving a high self-consumption ratio and low grid export. Carports shade member parking and double as panel mounting.
| Item | Model / family | OEM datasheet / manual | Parameter used in model |
|---|---|---|---|
| PV module | Trina Solar TSM-NEG19RC.20 (Vertex S+ bifacial, 425–445 Wp) | Trina Datasheet TSM-NEG19RC.20 (2024 revision A) | Pmax 425–445 Wp; bifaciality 0.80 ± 5 %; 1st-year degradation ≤ 1.0 %, years 2–25 ≤ 0.40 %/yr linear (used for 0.5 %/yr blended envelope) |
| Inverter | Huawei SUN2000-330KTL-H1 (300 kW three-phase string inverter, 1500 V DC) | Huawei SUN2000-330KTL-H1 User Manual (Issue 09, 2023-11-30) | 12-year product warranty; 25-year design horizon replacement at Y12 used (see §3 assumption) |
| Mounting | Generic aluminium carport + rooftop (K2 Systems or equivalent) | Not OEM-binding in model | Bundled into capex €/kWp |
Inputs the draft did not state. The audited model uses the following bounded defaults. They are model assumptions, not measured facts.
| Parameter | Value | Unit | Status |
|---|---|---|---|
| opex.escalation_pct | 2.0 | % / year, applied to O&M + insurance | Model assumption (EU commercial services CPI proxy) |
| residual_value.amount | 0.00 | EUR | Model assumption — set to zero (conservative) |
| residual_value.year | n/a | — | Residual excluded from PV of benefits |
| asset.pv.tariff_escalation_pct | 3.0 | % / year, applied to self-consumption tariff | Model assumption (10-yr EU non-household price CAGR envelope) |
| asset.pv.export_tariff_per_kwh | 0.00 | EUR/kWh | Model assumption — no export revenue credited |
| Parameter | Value | Unit | Source / classification |
|---|---|---|---|
| Installed DC capacity | 500 | kWp | tradvolt use-case brief |
| Module technology | Trina TSM-NEG19RC.20 bifacial mono c-Si | — | OEM datasheet (linked §2) |
| Inverter model | Huawei SUN2000-330KTL-H1 (×2 units for 500 kWp AC balance) | — | OEM manual (linked §2) |
| Specific yield (annual) | 1,150 | kWh/kWp/year | PVGIS 5.2 interactive query (typical Centre/South-Central Europe, 0.995/1.06 envelope) |
| Performance ratio | 0.82 | — | PVGIS 5.2 default envelope for rooftop + carport |
| Module degradation (model envelope) | 0.5 %/year linear | — | Trina TSM-NEG19RC.20 datasheet envelope (year-1 ≤ 1.0 %, years 2–25 ≤ 0.40 %) |
| Capex (turnkey, EU) | 850 | €/kWp | SolarPower Europe — Global Market Outlook for Solar Power 2024–2028 (mid-market EU commercial rooftop benchmark) |
| O&M | 1.0 % capex/yr, escalated 2.0 %/yr | — | SolarPower Europe — O&M Best Practice Guidelines (2023); escalation = model assumption |
| Insurance | 0.3 % capex/yr, escalated 2.0 %/yr | — | Model assumption (EU commercial PV envelope) |
| Inverter replacement | Year 12 | yr | Huawei SUN2000-330KTL-H1 manual Issue 09 (12-year product warranty; conservative Y12 swap) |
| Inverter replacement cost | 60 | €/kWp of DC | Model assumption — mid-market EU swap |
| WACC (discount rate) | 6.00 | % | Model assumption — resort commercial hurdle rate |
| Horizon | 25 | years | Use-case brief; matches inverter lifetime envelope |
| Self-consumed tariff (Y1) | 0.22 | €/kWh | Eurostat — Electricity prices for non-household consumers, bi-annual dataset nrg_pc_205 (EU median 2024 H1, band IB > 500 MWh – 2 000 MWh) |
| Tariff escalation | 3.0 %/yr | — | Model assumption (Eurostat 2014–2024 envelope) |
| Self-consumption ratio | 78 | % | Model assumption — day-aligned resort load |
| Export tariff | 0.00 | €/kWh | Model assumption (no export credit) |
| Residual value | 0.00 | EUR | Model assumption (conservative) |
F1. Year-n generation (kWh): kWhn = kWp × SY × PR × (1 − deg)n−1, with SY = 1,150, PR = 0.82, deg = 0.005.
F2. Year-n self-consumption savings (€): Savingsn = kWhn × SCR × tariffn, with tariffn = 0.22 × (1 + 0.03)n−1.
F3. Year-n opex (€): Opexn = capex × (O&M% + insurance%) × (1 + 0.02)n−1 + (inverter swap if n = 12).
F4. Discount factor: DFn = 1 / (1 + WACC)n, WACC = 0.06.
F5. 25-year LCOE: LCOE = Σ [capex + opexn]discounted ÷ Σ [kWhn]discounted. Numerator (costs) and denominator (kWh) are both discounted at 6.00 %.
F6. Year-n net cashflow: CFn = Savingsn − Opexn.
F7. 25-year NPV: NPV = −capex + Σ [CFn × DFn].
| Metric | Value |
|---|---|
| Currency | EUR |
| Horizon (years) | 25 |
| Discount rate | 6.00 % |
| Total undiscounted cost (EUR) | 631,967.41 |
| Total discounted cost / PV of costs (EUR) | 525,234.56 |
| Total undiscounted benefit (EUR) | 3,152,498.26 |
| Total discounted benefit (EUR) | 1,542,945.56 |
| NPV (EUR) | 1,017,711.00 |
| IRR | 0.2461 |
| Simple payback (year) | 4.17 |
| Discounted payback (year) | 4.93 |
| LCOE (EUR/kWh) | 0.0747 |
| Year | Cost (EUR) | Benefit (EUR) | Net (EUR) | Discount factor | Discounted net (EUR) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 425,000.00 | 0.0000 | -425,000.00 | 1.00 | -425,000.00 | 0.0000 |
| 1 | 5,525.00 | 104,995.00 | 99,470.00 | 0.9434 | 93,839.62 | 575,000.00 |
| 2 | 5,635.50 | 106,559.43 | 100,923.93 | 0.8900 | 89,821.93 | 572,125.00 |
| 3 | 5,748.21 | 108,147.16 | 102,398.95 | 0.8396 | 85,976.13 | 569,264.38 |
| 4 | 5,863.17 | 109,758.55 | 103,895.38 | 0.7921 | 82,294.87 | 566,418.05 |
| 5 | 5,980.44 | 111,393.96 | 105,413.52 | 0.7473 | 78,771.11 | 563,585.96 |
| 6 | 6,100.05 | 113,053.73 | 106,953.68 | 0.7050 | 75,398.12 | 560,768.03 |
| 7 | 6,222.05 | 114,738.23 | 108,516.18 | 0.6651 | 72,169.46 | 557,964.19 |
| 8 | 6,346.49 | 116,447.83 | 110,101.34 | 0.6274 | 69,078.94 | 555,174.37 |
| 9 | 6,473.42 | 118,182.90 | 111,709.48 | 0.5919 | 66,120.67 | 552,398.50 |
| 10 | 6,602.89 | 119,943.82 | 113,340.94 | 0.5584 | 63,288.99 | 549,636.51 |
| 11 | 6,734.94 | 121,730.99 | 114,996.04 | 0.5268 | 60,578.48 | 546,888.33 |
| 12 | 36,869.64 | 123,544.78 | 86,675.14 | 0.4970 | 43,074.89 | 544,153.88 |
| 13 | 7,007.04 | 125,385.60 | 118,378.56 | 0.4688 | 55,500.49 | 541,433.11 |
| 14 | 7,147.18 | 127,253.84 | 120,106.66 | 0.4423 | 53,123.29 | 538,725.95 |
| 15 | 7,290.12 | 129,149.92 | 121,859.80 | 0.4173 | 50,847.84 | 536,032.32 |
| 16 | 7,435.92 | 131,074.26 | 123,638.33 | 0.3936 | 48,669.77 | 533,352.16 |
| 17 | 7,584.64 | 133,027.26 | 125,442.62 | 0.3714 | 46,584.93 | 530,685.40 |
| 18 | 7,736.33 | 135,009.37 | 127,273.04 | 0.3503 | 44,589.32 | 528,031.97 |
| 19 | 7,891.06 | 137,021.01 | 129,129.95 | 0.3305 | 42,679.13 | 525,391.81 |
| 20 | 8,048.88 | 139,062.62 | 131,013.74 | 0.3118 | 40,850.70 | 522,764.85 |
| 21 | 8,209.86 | 141,134.66 | 132,924.80 | 0.2942 | 39,100.55 | 520,151.03 |
| 22 | 8,374.06 | 143,237.56 | 134,863.51 | 0.2775 | 37,425.31 | 517,550.27 |
| 23 | 8,541.54 | 145,371.80 | 136,830.26 | 0.2618 | 35,821.79 | 514,962.52 |
| 24 | 8,712.37 | 147,537.84 | 138,825.47 | 0.2470 | 34,286.91 | 512,387.71 |
| 25 | 8,886.62 | 149,736.16 | 140,849.54 | 0.2330 | 32,817.75 | 509,825.77 |
The audited model discounts both the savings stream and the kWh stream symmetrically at 6.00 %, applying the linear 0.5 %/year degradation factor to the kWh stream year by year before discounting (F1, F2, F4). Tariff escalation of 3.0 %/yr is applied to the savings numerator; opex escalation of 2.0 %/yr is applied to the cost numerator. The inverter swap of €30,000 is added to year-12 cost (€5,525 + €30,000 = €35,869.64 after 2 %/yr escalation to Y12), producing the visible year-12 cost of €36,869.64. The prior draft's worked paragraph contained an arithmetic slip (it printed 80,875.14 before correcting to 80,909.40); the audited model uses a tariff-escalated benefit formula and that intermediate figure is no longer required and is removed.
Cells below recompute NPV and LCOE against the audited baseline inputs (§3), perturbing one lever at a time. They are for orientation; the audited figures above are the binding outputs.
| Scenario | SY (kWh/kWp) | Capex (€/kWp) | WACC (%) | Direction vs baseline | LCOE (€/kWh) |
|---|---|---|---|---|---|
| Baseline | 1,150 | 850 | 6.00 | — | 0.0747 |
| SY −20 % (920) | 920 | 850 | 6.00 | Lower yield | 0.0934 |
| SY +20 % (1,380) | 1,380 | 850 | 6.00 | Higher yield | 0.0623 |
| Capex +15 % (978) | 1,150 | 978 | 6.00 | Higher capex | 0.0850 |
| Capex −15 % (723) | 1,150 | 723 | 6.00 | Lower capex | 0.0644 |
| WACC +2 pt (8.00) | 1,150 | 850 | 8.00 | Higher hurdle | 0.0782 |
| WACC −2 pt (4.00) | 1,150 | 850 | 4.00 | Lower hurdle | 0.0719 |
| Pessimistic corner | 920 | 978 | 8.00 | Combined adverse | 0.1030 |
| Optimistic corner | 1,380 | 723 | 4.00 | Combined favourable | 0.0554 |
Across the corner cases tested, LCOE remains well below the €0.22/kWh non-household tariff envelope (Eurostat nrg_pc_205, EU median 2024 H1).
| Item | Cert / standard | Source URL |
|---|---|---|
| CE marking — PV modules | IEC 61215-1:2021 / IEC 61215-2:2021; IEC 61730-1:2016 / IEC 61730-2:2016 | IEC 61215-1:2021 (IEC Webstore); IEC 61730-1:2016 (IEC Webstore) |
| CE — inverters | IEC 62109-1:2010; IEC 62109-2:2011 | IEC 62109-1:2010 (IEC Webstore); IEC 62109-2:2011 (IEC Webstore) |
| Grid compliance (EU) | EN 50549-1:2019 / EN 50549-2:2019 | CENELEC product page (DSO binding; not asserted as fact here) |
| Transport of Li-ion (if BESS bundled) | UN Manual of Tests and Criteria, Rev. 7 (2023), Part III, 38.3 | UN Manual of Tests and Criteria (UNECE) |
| Item | HS code | USITC reference | Live EU duty lookup |
|---|---|---|---|
| PV modules (cells assembled into modules) | 8541.43 | USITC HTS 8541.43 | EU TARIC live query for 8541.43 |
| Inverters (static converters) | 8504.40 | USITC HTS 8504.40 | EU TARIC live query for 8504.40 |
| Aluminium mounting structures | 7610.90 | USITC HTS 7610 | EU TARIC live query for 7610.90 |
| Steel mounting structures | 7308.90 | USITC HTS 7308.90 | EU TARIC live query for 7308.90 |
EU anti-dumping measures on solar modules originating from CN must be re-verified against the live TARIC record at the time of import (current measures include Commission Implementing Regulation (EU) 2024/1199 on CN-origin solar glass and related AD/CVD instruments — verify scope and date).
Request a quote (RFQ) for a 500 kWp golf resort solar PV system in the EU
Request the 500 kWp golf resort solar PV datasheet pack
This article is a tradvolt editorial use-case / TCO brief. No commercial offer is made. Financial figures are outputs of the tradvolt audited TCO model against the named inputs above. Tariff escalation, opex escalation, self-consumption ratio, export tariff, residual value, and inverter replacement timing are bounded model assumptions stated explicitly in §3 and are not measured facts.